Fernandez promises 'caring' Argentina as he assumes presidency

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Alberto Fernandez, whose vice president is controversial former leader Cristina Kirchner, will govern until 2023 in a country beset by recession and poverty.

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SWORN IN. Handout picture released by the Argentine Senate showing Argentina's new president Alberto Fernandez waving next to his vice-president Cristina Fernandez de Kirchner, after receiving the presidential sash from outgoing president Mauricio Macri during his inauguration ceremony at the Congress in Buenos Aires on December 10, 2019.

Speaking in a televised address, Fernandez said Argentina needed to"overcome the rancor and hate" that has become a feature of its increasingly polarized political landscape.The new head of state will host an inauguration lunch for fellow presidents from across Latin America – including Cuba's Migue Diaz-Canel who arrived on Sunday, December 8 – before addressing a crowd at the Plaza de Mayo in the evening.

Bolsonaro said ahead of Fernandez's election victory that his government would turn Argentina into the new Venezuela, with Brazil likely to face a flood of Argentine refugees. "Fernandez is a very experienced person. He's assured on international issues and debt issues. He's very prepared," Zuleta told Agence France-Presse.Fernandez will rely heavily on his pick as economy minister. Martin Guzman, 37, will have the task of negotiating with the International Monetary Fund and other international creditors on restructuring Argentina's massive debt.

He said a new budget law will likely be approved to reallocate funds to fight poverty, an issue that Fernandez said was"a moral imperative."

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